Brief: Shougang Concord International Enterprises Says Co To Sell Fair Union To Shougang Holding
21/11/2018 14:29
Nov 21 (Reuters) - Shougang Concord International
Enterprises Co Ltd 0697.HK :
* COMPANY TO SELL FAIR UNION FOR HK$206 MILLION TO SHOUGANG
HOLDING
* AS A RESULT OF PROPOSED RESTRUCTURING, GROUP EXPECTED TO
RECOGNISE UNAUDITED LOSS OF ABOUT HK$232.7 MILLION
* POST PROPOSED RESTRUCTURING, CO WILL CEASE TO HAVE ANY
SHAREHOLDING INTEREST IN SHOUGANG CENTURY
Source text for Eikon: urn:newsml:reuters.com:*:nHKS76PL12
Further company coverage: 0697.HK
((Reuters.Briefs@thomsonreuters.com;))
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